Eclipse Resources Corp. (ECR) Stock Price Down 4.9%
Eclipse Resources Corp. (NYSE:ECR)’s share price dropped 4.9% during trading on Monday . The stock traded as low as $3.06 and last traded at $3.11, with a volume of 606,518 shares traded. The stock had previously closed at $3.27.
ECR has been the topic of several analyst reports. Piper Jaffray Cos. raised shares of Eclipse Resources Corp. from an “underweight” rating to a “neutral” rating in a research report on Tuesday, August 9th. Zacks Investment Research downgraded shares of Eclipse Resources Corp. from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.00 price target on shares of Eclipse Resources Corp. in a research report on Tuesday, July 5th. Barclays PLC raised their price target on Eclipse Resources Corp. from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Thursday, July 14th. Finally, Seaport Global Securities raised Eclipse Resources Corp. from a “neutral” rating to a “buy” rating and raised their price target for the company from $1.25 to $4.25 in a research report on Tuesday, June 7th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $3.00.
The company has a 50-day moving average price of $3.39 and a 200 day moving average price of $2.64. The firm’s market capitalization is $810.44 million.
Eclipse Resources Corp. (NYSE:ECR) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.25. Eclipse Resources Corp. had a negative return on equity of 32.33% and a negative net margin of 431.72%. The business had revenue of $47.10 million for the quarter, compared to analyst estimates of $51.49 million. During the same quarter in the previous year, the company earned ($0.19) EPS. The business’s revenue for the quarter was down 36.8% on a year-over-year basis. On average, equities analysts expect that Eclipse Resources Corp. will post ($0.26) EPS for the current year.
In other Eclipse Resources Corp. news, insider Benjamin Ward Hulburt sold 58,979 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $3.59, for a total transaction of $211,734.61. Following the transaction, the insider now owns 834,772 shares in the company, valued at approximately $2,996,831.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Eclipse Resources Corp. by 6.0% in the second quarter. Vanguard Group Inc. now owns 4,857,611 shares of the company’s stock worth $16,224,000 after buying an additional 275,226 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Eclipse Resources Corp. during the second quarter worth $327,000. JPMorgan Chase & Co. increased its stake in shares of Eclipse Resources Corp. by 50.1% in the second quarter. JPMorgan Chase & Co. now owns 2,034,444 shares of the company’s stock worth $6,795,000 after buying an additional 679,344 shares during the period. Geduld E E purchased a new stake in shares of Eclipse Resources Corp. during the second quarter worth $167,000. Finally, EAM Investors LLC purchased a new stake in shares of Eclipse Resources Corp. during the second quarter worth $759,000. Hedge funds and other institutional investors own 32.86% of the company’s stock.
Eclipse Resources Corp. Company Profile
Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio.
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